Medicine Park, Oklahoma Short-Term Rental Market
Medicine Park, OK STRs averaged $161/night at 45.5% occupancy in April 2026, drawing from 1.5 million annual refuge visitors.
Quick Answer: Medicine Park, Oklahoma is an active short-term rental market. average occupancy in the Oklahoma Area market area is 54%. average monthly revenue in the Oklahoma Area market area is $2,775. average daily rate in the Oklahoma Area market area is $187. the top operator in the Oklahoma Area market area is Evolve with 225 listings. market score is 89/100 (grade A).
Market data reflects the Oklahoma Area regional market, which includes Medicine Park. Regulations, taxes, and permit details below are specific to Medicine Park.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Medicine Park is a historic resort town of approximately 411 residents in the Wichita Mountains of Comanche County, Oklahoma, about 90 miles southwest of Oklahoma City and a few miles from Lawton. Founded in 1908 as Oklahoma’s first resort, the town draws a visitor base that vastly exceeds its resident population: over 1.5 million people visit the Wichita Mountains and Medicine Park area annually, primarily through the adjacent Wichita Mountains Wildlife Refuge.
In April 2026, the STR market posted an average daily rate of $161 and an occupancy rate of 45.5%, with RevPAR of $73. Year-over-year through April 2026, occupancy declined 0.4 percentage points, ADR fell 1.0%, and revenue declined 2.6%, continuing a gradual normalization from the 2021 post-pandemic peak.
The listing mix is almost entirely entire-place rentals, which account for approximately 96% of all listings. Private-room listings are minimal, and shared-room listings are negligible. This composition reflects the town’s traditional cabin and cottage rental character.
One-bedroom units are the most represented bedroom category, followed by three-bedroom and two-bedroom properties. Four- and five-bedroom larger cabins are present in smaller numbers. Airbnb is the primary distribution channel, with a meaningful share of properties also cross-listed on VRBO.
The StaySTRA composite score of 88.9 is among the highest in this dataset. The standout dimension is investability at 99.0, near the maximum score, reflecting minimal regulatory barriers, abundant natural tourism demand, and favorable property-cost-to-revenue ratios for rural Oklahoma. Rental demand scores 67.8, seasonality 78.7, revenue growth 69.8, and regulation 67.7.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 35% |
| Feb | 42% |
| Mar | 50% |
| Apr | 44% |
| May | 50% |
| Jun | 55% |
| Jul | 56% |
| Aug | 46% |
| Sep | 43% |
| Oct | 46% |
| Nov | 45% |
| Dec | 40% |
Month-by-month nightly rates and revenue figures for Medicine Park are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Oklahoma Area market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Oklahoma Area market as a whole, which includes Medicine Park, so these counts are not Medicine Park-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 225 | 8,391 | ★ 4.78 |
| 2 | LakeStay Vacation | 90 | 2,159 | ★ 4.87 |
| 3 | Stevens realty | 50 | 1,635 | ★ 4.10 |
| 4 | Ryan Busse | 40 | 1,113 | ★ 4.77 |
| 5 | Willow Springs Marina and Resort | 39 | 1,814 | ★ 4.81 |
What Kind of STR Should I Buy in Medicine Park?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Medicine Park are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 52.7% |
| vrbo | 6.5% |
| both | 40.8% |
Home Value Trends (Medicine Park)
Typical home values, median sale prices, and the 10-year price trend for Medicine Park are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Medicine Park — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Short-term rentals are permitted in Medicine Park and the town actively promotes tourism lodging. Operators must obtain a Short-Term Rental permit from the Town of Medicine Park, reviewed by the Planning and Preservation Commission. Applications must be submitted to Town Hall at least one week before the scheduled commission meeting or they will not be placed on the agenda.
A town business license is required, and operations must pass inspection by the Fire Department and Building & Zoning. No owner-occupancy requirement, primary-residence requirement, or annual night cap was found in the published framework.
The Town imposes a local municipal lodging tax on transient stays. In August 2022, residents voted on a 2% lodging tax increase to fund a state-mandated sewer-lagoon upgrade and new emergency radio equipment. The exact current local lodging tax rate is not published online and must be confirmed directly with Town Hall at (580) 529-2825.
Oklahoma state levies a 4.5% sales and excise tax on lodging gross receipts. Airbnb and VRBO typically collect and remit the Oklahoma state tax automatically, but operators should confirm platform tax handling and clarify local tax remittance obligations with the Town.
No permit application fee is published online. Enforcement is characterized as moderate, consistent with a small town where administration is local and the economy is tourism-dependent. The town’s own website lists lodging operators and promotes cabin rentals, indicating a cooperative regulatory posture.
Investors should contact Town Hall directly to confirm current fees, tax rates, and filing schedules before listing any property.
Market Comparison
The US median annual STR occupancy is approximately 55%. Medicine Park’s April 2026 occupancy of 45.5% is below the national median, consistent with a small rural Oklahoma market with a pronounced summer concentration. The 2025 annual average of 46.7% is also below the national benchmark.
ADR of $161 is below the national median of approximately $220. Medicine Park competes on proximity to the Wichita Mountains Wildlife Refuge and the distinctive cobblestone character of the town rather than amenity-driven premium pricing.
Top property management operators active in the Medicine Park and Wichita Mountains area include Evolve (225 listings, 8,391 reviews, 4.78 average rating), LakeStay Vacation (90 listings, 2,159 reviews, 4.87 rating, the highest-rated in the top five), and Stevens realty (50 listings, 1,635 reviews, 4.10 rating). Ryan Busse (40 listings, 4.77 rating) and Willow Springs Marina and Resort (39 listings, 4.81 rating) round out the top five.
The investability score of 99.0 is the highest in this batch and among the highest in the StaySTRA dataset. Despite below-national-median occupancy and ADR, the combination of minimal regulatory barriers, 1.5 million annual area visitors, and low rural Oklahoma property costs creates conditions that the StaySTRA model rates as exceptional for new investment.
Frequently Asked Questions About Medicine Park, Oklahoma
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